PSQ (NYSE:PSQH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of PSQ (NYSE:PSQH) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.50.

PSQ Stock Down 3.8%

Shares of NYSE PSQH opened at $3.33 on Friday. The firm has a market cap of $10.82 million, a price-to-earnings ratio of -0.27 and a beta of 0.44. The company’s 50-day simple moving average is $6.74 and its 200-day simple moving average is $9.64. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. PSQ has a 52-week low of $3.01 and a 52-week high of $42.60.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.80) earnings per share for the quarter, topping the consensus estimate of ($2.55) by $0.75. The firm had revenue of $8.16 million during the quarter, compared to the consensus estimate of $7.19 million. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%.

Institutional Investors Weigh In On PSQ

A number of hedge funds have recently modified their holdings of PSQH. Geode Capital Management LLC lifted its stake in shares of PSQ by 13.0% in the second quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after buying an additional 38,391 shares in the last quarter. XTX Topco Ltd boosted its position in PSQ by 44.5% during the second quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock worth $126,000 after acquiring an additional 18,969 shares during the last quarter. Marshall Wace LLP grew its stake in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after acquiring an additional 822,544 shares in the last quarter. Shay Capital LLC grew its stake in PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after acquiring an additional 9,001 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in PSQ in the 2nd quarter valued at about $107,000. 17.32% of the stock is currently owned by institutional investors and hedge funds.

PSQ Company Profile

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.